Frequently asked questions

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FAQs

What is the Trustee's monitoring role with regards to Infratil compliance with Bond covenants and terms?

The terms of Infratil’s Bonds are set out in their individual prospectus and trust deeds (and summarised in the relevant Investment Statement). Each six months Infratil provides the Trustee with a certificate signed by directors confirming its position relative to the Bond covenants and with regards to general compliance with Bond terms. Infratil has always recorded conformity. Bondholders are welcome to contact the Trustee to confirm Infratil’s compliance.

What are the contact details of brokers who trade Infratil Infrastructure Bonds?

ANZ NEW ZEALAND SECURITIES LIMITED
Level 7, 1 Victoria Street
Wellington
Free Phone (New Zealand): 0800 800 372

Contact: David Speight
Email: david.speight@anzsecurities.co.nz
CRAIGS INVESTMENT PARTNERS
Craigs Investment Partners House
158 Cameron Road
Tauranga
Freephone (New Zealand): 0800 272 442

Contact:
Email: headoffice@craigsip.com

FIRST NZ CAPITAL SECURITIES
Level 39, ANZ Centre
23-29 Albert Street, Auckland 
Free Phone (New Zealand): 0800 805 584

Contact: Jo Hikaka
Email: jo.hikaka@fnzc.co.nz
FORSYTH BARR
Level 21, Vodafone on the Quay
157 Lambton Quay
Wellington
Free Phone (New Zealand): 0800 367 227

Contact: Max Brown
Email: max.brown@forsythbarr.co.nz

WESTPAC BANKING CORPORATION, NZ BRANCH
PO Box 934,
Auckland 1010
Free Phone (New Zealand):0800 942 822

Contact: Matt Plowman
Email: matt_plowman@westpac.co.nz

Who are the Directors of Trustpower?

Paul Ridley-Smith (Chairman) appt announced 18 December 2015 to take effect from 31 December 2015

Kevin Baker (Infratil) appointed 1 June 2018

Sam Knowles (Independent)

Geoff Swier (Independent)

Susan Paterson (Independent) appointed 27 August 2015

Dr Keith Turner (Independent) appointed 26 July 2019

Dr David Prentice (Independent)  appointed 26 July 2019

Who are the Directors of Wellington Airport?

Infratil usually has four appointees to Wellington Airport's Board and the City Council two.

At present Infratil's appointees are: Chairman, Tim Brown (Morrison & Co),  Alison Gerry (infratil director appointed 2 February 2017),  Jason Boyes (Morrison & Co) and Phil Walker (Morrison & Co).

The Council appointees are Andy Foster (appointed October 2016) and Wayne Eagleson.

Does Infratil have a portfolio or diversification approach?

Diversification is not one of Infratil's goals. Infratil aims to deliver on its absolute return target of 20% per annum after tax on a long term basis.

Does Infratil focus on maximising cash flows or value uplift from its investments?

Infratil's return goals can only be achieved in companies which can invest in their own activities. While cash generation is desirable, it as a means to an end with the goal being value growth through earning growth over the long-term.

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